A Firm That Exits Its Market

question 107

Multiple Choice

A firm that exits its market

• A)still has to pay its variable costs, but not its fixed costs.
• B)still has to pay its fixed costs, but not its variable costs.
• C)still has to pay both its variable costs and its fixed costs.
• D)has to pay neither its variable costs nor its fixed costs.

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Definitions:

Sexual Selection

A form of natural selection where individuals select mates based on heritable traits, such as size, strength, or coloration, that are indicative of reproductive success.

The Descent of Man

A book by Charles Darwin that discusses human evolution and sexual selection, published in 1871.

The Origin of Species

A seminal book by Charles Darwin published in 1859, formally introducing the scientific theory of evolution by natural selection.

Scientific Contribution

The addition of knowledge, findings, or innovations to a specific field or discipline by a researcher or group of researchers.